BNY Mellon and Hazeltree team up 28 September 2017New York Reporter: Jenna Lomax
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BNY Mellon and Hazeltree have partnered up to provide an independent cash management platform for buy-side clients.
Through the solution, clients will be able to access BNY Mellon’s full suite of cash, treasury and custody services through Hazeltree’s treasury management technology.
The partnership is intended to optimise cash investment, streamline FX hedging, and increase efficiency.
It is also intended to address the new industry need to optimise the sourcing of collateral, funding and liquidity.
Sameer Shalaby, president and CEO of Hazeltree, said: “Many firms are missing opportunities to optimise their cash usage due to manual and incomplete processes.”
He added: “Our new platform increases transparency into their holdings, minimises frictional costs and reduces operational risk.”
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